Skip to main content

About your Search

Search Results 0 to 5 of about 6
as a promising future energy source. >> translator: as one of the world's largest oil producers iraq offers a wide range of opportunities. >> reporter: chinese firms were prominent. the state run oilompany has already won the contract to double up a huge oil field near the city. >> iraq is new market. it's booming for oil and gas. i see the risk. they're so nice. >> reporter: security remains precarious since the start of the 2003 iraq war. a string of terrorist attacks rock the country after the last u.s. troops pulled out a year ago. three major ethnic and religious groups are still jostling for control of political power, territory and all revenues. >>> north korea has announced it will extend the period for iraq's oil men minister has set an ambitious target. launching what it calls a >> translator: we welcome companies and want to show them what they can do to develop basra. >> reporter: iraq is now in a better position to attract investment with neighboring iran conquered by sanctions on its nuclear program. satellite carrying rocket by one it has overtaken iran to become the second l
. the materials and financials gained 0.08%. the energy sector was up 0.07%. technology was the big drag, thanks once again to apple. over the past week apple has gone from almost $600 per share to $533, down about 9%. with the sell-off apple is about $8 above its most recent low from mid-november. there are several theories behind apple's stock drop: profit taking, disappointment over no special dividend, and more fundamental concerns about its business growth. two other big techs under some pressure today. microsoft fell 1%. it's just pennies ove its low for the year. cisco systems fell 0.07%. the firm repeated today its previous earnings growth forecast. big banks were on the upswing with the further improvement in the job market, and ahead of next week's federal reserve meeting as expectations build for more economic help. j.p. morgan jumped 2.6%, it's highest price since early november. bank of america added another 1.8% to an 18 month high. a big global energy deal is one step closer tonight. late today canada okayed the buyout of nexen energy by chinese energy giant c-nooc. this is a $15.
that getting into the energy business doesn't mean the company is turning its back on mining. under the deal, freeport will pay $6.9 billion for plains exploration and production and $2.1 billion for mcmoran exploration, a sister company it was separated from a couple of decades ago. the deal would also leave freeport with $20 billion of debt. freeport executives say getting into oil and natural gas would elp diversify the company and keep more of its assets in north america, where there's a huge shale gas boom. they estimate by next year freeport will derive a little more than a quarter of its profits from energy and the rest from mining, versus 100% from mining today. the company says it thinks demand for commodities, especially energy, will continue to grow. that could help offset the increased difficulty mining companies are having trying to find new projects in regions outside the u.s. and with interest rates currently at historic lows, the timing was right to ink the two deals. diane eaabrook, "n.b.r., chicago. >> tom: daniel rohr is a metals and mining analyst from morningstar and joi
. they note that during the first nine months of 2012 china's energy consumption fell by 3.4% from the previous year. >> translator: we made a commitment at our party congress. we prioritized building and eco friendly society. we'll make a strong effort to promote a recycle-based society. china will act on climate change with other nations. >> some delegates also want reassurance on financial support. wealthy countries have pledged to provide $100 billion per year in aid by 2020. the money is intended to help the developing countries reduce carbon emissions and adapt to the effect of climate change. time is running out for the delegates to reach a deal. many divisions remain between the participants from the industrialized and developing nations. now it may be up to the ministers attending talks to steer the conference towards a successful conclusion. >>> chinese police have detained petitioners planning to voice their complaints about corruption to the state-run broadcaster. hundreds of beijing police officers stood outside china's central television on tuesday. it was the 30th an
from the international energy agency, calling for the u.s. to surpass saudi arabia as the world's largest oil producer by 2020. here's one good thing to come from the destruction of hurricane sandy-- verizon customers will be getting faster, and more, telecom services. the company said today it is replacing damaged copper wires with fiber optic cable. that upgrade from older, slower copper allows verizon to offer more digital services, including bundling phone, internet and cable tv. and it means an increase in revenues for verizon. tom, that was the message from verizon's c.e.o., speaking at an investor conference today. but it didn't do much for the stock. verizon shares fell, like many of its fellow dow components trading here on the big board. >> tom: let's get going with tonight's "mark focus." with no big economic data for cues, stocks finished a lackluster day in negative territory. the s&p 500 struggled to find a clear direction and spent most of the session in the red. it ended with a small loss of two tenths of 1%. trading volume continued to be moderate-- 674 million
2030. one intelligence report projects china will be on top economically, and the u.s. will be energy-independent. i'm ray suarez. >> woodruff: and i'm judy woodruff. we'll see you online, and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour has been provided by: >> bnsf railway. and by the alfred p. oan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh
Search Results 0 to 5 of about 6